Posted By:
Kevin SaucierNot sure if this has been discussed yet but I remembered a post a few months ago about Jim Crandell and the NY times. Jim Jr. (who worked at the same place as his father) was quoted as an analyst from Lehman Brothers. Here's the quote:
"The U.S. economy is becoming weaker and is unable to sustain oil consumption at these prices," said James Crandell, a commodity analyst at Lehman Brothers. “But it is still too early to call this a tipping point because of some major risks we might face this summer, like hurricanes or geopolitical events."
Has anyone heard from Jim lately? Wonder how he is and his son are doing?
Kevin
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